 Judiciary
Displaying 1190 - 1200 of 1437 in 144 pages
By CA.Saibaburao Nanduri On 08 December 2007 at 12:39
Held by the Hon`ble Court that, what should be the correct net profit in the opinion of the A.O. had no relation with the formation of any opinion that assessee failed to disclosed truly and fully material facts necessary for assessment. Therefore no... Continue Reading
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By CA.Saibaburao Nanduri On 02 December 2007 at 21:03
Held by the Hon`ble Court that as the transfer of asset is not one in the nature of transfer of assets from subsidiary to holding as covered by section 47(v) but is distribution of assets to the shareholders upon the liquidation of the company, hence... Continue Reading
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By CA.Saibaburao Nanduri On 02 December 2007 at 09:49
Held by the Hon`ble Court that as the amounts set apart by the assessee for different A.Y. are done on the basis of past experience even though the liability is to be quantified and discharged in future, the provision made for the liability against w... Continue Reading
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By Admin On 30 November 2007 at 12:13
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By Admin On 30 November 2007 at 12:13
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By Aisha On 30 November 2007 at 11:31
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By CA.Saibaburao Nanduri On 29 November 2007 at 11:27
Held by the Ho"ble Bench that section 54 does not prohibit from purchasing property in a foreign country however all other conditions should be satisfied.The Bench also observed that the assessee should be the absolute owner of the new property in or... Continue Reading
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By Late CA Sampat Jain On 28 November 2007 at 18:08
. On a writ petition filed by the
assessee challenging the seizure of certain jewellery and ornaments belonging to
the assessee, the High Court held that the search and seizure were invalid and
illegal. The High Court ordered that interest at t... Continue Reading
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By CA.Saibaburao Nanduri On 27 November 2007 at 13:39
Held by Ho"ble court that since the incentive bonus was paid to the employees wholly and exclusively for business purposes such bonus was allowable as deduction u/s 37(1).
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By CA.Saibaburao Nanduri On 25 November 2007 at 10:26
Held by the Hon`ble Court that, the A.O. must be satisfied, not arbitrarily but judiciously. In the facts and circumstances of the case, penalty levied on technical mistake committed by the assessee and due to this there is no loss of revenue, shall ... Continue Reading
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